IEA Presents A Thirsty Oil Market
"Oil demand exceeds supply. Inventories are being drawndown rapidly to meet the unsatisfied demand. This is a thirsty oil market,waiting for more oil which will have to come principally from OPECcountries." This, in a nutshell, is the dramatic picture of the prevailingoil market outlook as painted by the International Energy Agency (IEA) in thelatest (December) issue of its Monthly Oil Market Report (MOMR).
Although only a...